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SNB & CHF

FX Daily, November 19: Surging Virus Saps Risk Appetites

Swiss Franc The Euro is stable by 0.00% to 1.0796 EUR/CHF and USD/CHF, November 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the New York City was closing the schools to contain the virus sent stocks reeling in late North American dealings yesterday and spurred some profit-taking in the Asia Pacific and Europe. Equities in the Asia Pacific region were mostly lower, though China, South Korea, and...

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U.S. Healthcare Is Unraveling

The confidence that there will always be facilities and professionals to care for us is no longer realistic. I’ve covered the systemic problems of U.S. healthcare for over a decade, and as a result I’ve attracted numerous healthcare professionals as correspondents. I’ve been corresponding with some for almost 15 years, and this correspondence has given me a sobering education in the realities of our fully financialized (and thus hollowed-out) healthcare system....

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Dollar Weakness Continues Ahead of US Retail Sales Data

The dollar continues to soften October retail sales will be the US data highlight; Fed manufacturing surveys for November have started to roll out; Republican Senator Alexander opposes Judy Shelton’s nomination to the Fed Newswires reported (again) that a Brexit deal is at hand; Hungary and Poland will veto the EU budget and recovery fund; ECB signaled that they are focused on asset purchases and long-term funding for the next round of stimulus; Hungary is expected...

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Charles Hugh Smith – People Are Now Aware Of What Will Happen

Recently, people are more aware of what can happen. This awareness raises in economic conditions and political realities make people think. Every new choice is a new beginning for people. SUBSCRIBE For The Latest Issues About ; #useconomy2020 #economynews #useconomy #coronaviruseconomy #marketeconomy #worldeconomy #reopeneconomy #openeconomy #economynews #reopeningeconomy #globaleconomy #silverprice #stockmarket #recession #goldpricetoday #goldprice #goldpriceprediction #preciousmetals...

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Covid, November 19: Swiss ICU numbers reach new peak as infection rate moderates

Deaths because of and with Covid19 Over the last 48 hours, Switzerland’s Federal Office of Public Health (FOPH) reported a further 227 deaths among laboratory-confirmed Covid-19 cases, bringing the death toll to 1,654 since summer and 3,385 since the beginning of the year. Total Covid-19 deaths in Switzerland since the beginning of the pandemic have now reached 3,696 of which 3,385 were laboratory confirmed infections. Hospitalisations The are currently 543 Covid-19...

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FX Daily, November 18: Balancing Pandemic Surge with Optimism about Vaccine

Swiss Franc The Euro has fallen by 0.01% to 1.0806 EUR/CHF and USD/CHF, November 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that Tokyo will go to its highest alert as it faces a rising contagion snapped a 12-day rally in the Nikkei, but most bourses in the Asia Pacific region excluding Japan advanced, though Chinese equities were mixed. European equities are narrowly mixed as the Dow Jones Stoxx 600...

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Why big companies fear the Responsible Business Initiative

Few companies know where all of their products originate let alone the conditions for people producing or extracting them. Keystone / Nyein Chan Naing Big multinationals in Switzerland have been nearly unanimous in their rejection of an initiative to make companies more accountable for their actions abroad. What are they afraid of? In a letter released a couple weeks ago, several board members of major Swiss multinationals urged the Swiss to vote against the...

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Talk of “Unity” Is Both Hypocritical and Delusional

Grand invocations that “I will unify us” are actually shorthand for “We mean to get our way, regardless of others’ well-being and desire.” Original Article: “Talk of “Unity” Is Both Hypocritical and Delusional“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. You Might Also Like What Germany Must Do for a Speedy Recovery On June 29, the German parliament...

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Dollar Soft as Markets Start the Week in Risk-On Mode

The odds of national-level action in the US against the second wave virus outbreak remains small, even after Biden takes over; the dollar continues to soften There is growing speculation about former Fed Chair Yellen becoming Biden’s Treasury Secretary; Fed manufacturing surveys for November will start to roll out; Peru’s interim President Merino resigned under pressure from more demonstrations Several UK MPs and Prime Minister Johnson were forced to isolate due to a...

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CSX Review 2020 – Digital Bank account by Credit Suisse

(Disclosure: Some of the links below may be affiliate links) CSX is a new digital bank account by Credit Suisse. They have just started this new offer in 2020. And this account is much cheaper than the standard Credit Suisse accounts. The CSX bank account can even be free if used correctly. Interestingly, even large Swiss banks are jumping on the digital bank account wagon. This is a good trend if that allows people to pay lower fees for their bank accounts. In this...

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